Zain Kuwait plans $1.5B Syria network

Zain Kuwait has announced its intention to invest over $1.5 billion in Syria after winning the rights to operate a new mobile network. The deal includes a payment of $747 million for the license and an investment of approximately $800 million to upgrade the network and introduce 5G services. The Syrian government will retain a 25% stake in the license. This move is part of Syria’s efforts to attract foreign investments and support reconstruction after years of war and destruction.

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